Jia Yueting, the CEO of LeEco and the billionaire backing Faraday Future, has provided the best indication to date of the price point for its FF91 SUV.
In a recent interview with Chinese portal NetEase, Jia indicated that Faraday’s first production vehicle will cost “less than 2 million Chinese Yuan” or roughly $290,000.
While Jia clarified that U.S. pricing could markedly differ from that of China, the benchmark remains significantly higher than the estimates of industry analysts, which placed the FF91 in the range of $150,000 to $200,000.
Unveiled at CES earlier this month, Faraday’s electric vehicle is equipped with a 130 kWh battery pack, a retractable lidar sensor and an array of touch displays, all of which point to the car being a premium offering.
Despite reports of financial issues and delays in restarting construction of its Nevada factory, Jia maintains that the FF91 will make it to market in 2018.
Read full article at: Electrek »